FE ReportThe UK-based Mittal group Monday signed a memorandum of understanding (MoU) with the government proposing to invest about $2.9 billion in coal mine development, oil exploration and production, power plant, petrochemicals, NGL/LNG production and other infrastructure projects in Bangladesh.Md...
GAZIPUR, June 11: A European Union (EU) delegation Monday visited the registration centre of ongoing pilot project on preparing voters' list with photographs at Sreepur Municipality and expressed their satisfaction over the activities, reports UNB.The three-member EU delegation, led by...
The Election Commission has sent a proposal to the government for separating the EC secretariat from the Prime Minister's Office (PMO) by an ordinance so the commission could act independently, reports UNB"We have sent the proposal to the Chief Adviser's...
Bangladesh will get Tk 1.30 billion (130 crore) Japanese grant assistance for implementing three development projects. These are: Improvement of the Storm Water Drainage System in Dhaka City (Phase-II), Human Resources Development Scholarships (JDS) and Establishment of the Meteorological Radar...
BENAPOLE, June 11: Narcotics Control officials Monday seized 1.5kg heroin and arrested three alleged drug lords from Bhaberber village. On receipt of secret information, the officials raided the house of one Selim in the afternoon and seized the heroin worth...
Naim-Ul-KarimThe government will take decision on Indian business conglomerate Tata's $3.0 billion investment proposal in steel, coal, fertiliser and power plant by next month."The decision on all projects of Tata will be taken by end of July once the coal...
FE Report The Bangladesh Bank (BB) is going to review the overall credit flow to the private sector against the backdrop of its declining trend during the first nine months of the current fiscal.The credit flow will be reviewed at...
A Z M AnasCell phone behemoth Grameen Phone (GP) has sounded a note of dismay over some budgetary proposals that could deliver a blow to the country's fast-developing telecom sub-sector."A few tax measures relating to the operations of cell phone...
M Azizur RahmanThe Islamic Development Bank (IDB) has agreed to provide nearly US$ 200 million for capacity expansion of the state-owned Eastern Refinery Limited (ERL).Sources said the Jeddah-based multilateral donor agency has recently completed a preliminary feasibility study on the...
FE ReportThree trade bodies on textile sector have urged the government to withdraw the proposed 10 per cent import duty on textile capital machinery in the budget for fiscal 2007-08.In post-budget reactions Monday, the Bangladesh Textile Mills Association (BTMA), Bangladesh...
FE Report The World Bank has expressed its interest to support the government initiative to improve the social protection system by strengthening the rural and urban safety net programmes in order to reduce vulnerability of the ultra-poor in the country.'The...
At least 11 people were killed in lightning in three districts Monday amid bursts of cloud as a calamitous weather prevailed over the country, reports UNB.According to reports, seven people were killed in Cox's Bazar and two each in Brahmanbaria...
FE ReportThe inter-bank call money rate marked rise Monday due to recurrent pressure on liquidity caused by post- withdrawal of cash Sunday through reverse repurchase agreement (repo), treasury bills and T & T bonds on liquidity, fund managers said. The...
FE ReportThe indices on the Dhaka Stock Exchange (DSE) Monday, fell and the turnover declined significantly.Market operators said the prices on the DSE fell mainly due to fall in price of the issues under banking sector, power, and mutual funds....
The government Monday approved the import of 75,000 tonnes of fertilisers by the state-run Bangladesh Chemical Industries Corporation (BCIC), as there have been reports of shortage of the farming input in different parts of the country, reports UNB.Officials said the...
The government has approved an allocation of Tk 900 million (90 crore) for Bangladesh Rifles (BDR) to help intensify its drive against price-hike of essentials, reports UNB."The allocation is for import and supply of 3-4 essential items," Finance Adviser Mirza...
THE administration in Bangladesh is infamous for its habit of foot-dragging on issues of national importance. The country has lost many golden opportunities because of the delay in taking timely decisions. The political leadership and the bureaucracy -- both --...
Qazi AzadPUNDITS on economics theorize an idea with a qualifying statement to characterize the situation under which the idea will hold good. "Other parameters remaining constant" is the language of the usual qualifying statement. This is how they acknowledge that...
Philip Stephens AMERICA'S Republicans do not know how to win in Iraq. The Democrats are gripped by the fear that they might be blamed for losing. Thus the war that has broken George W. Bush's presidency now tortures his political...
Abdus SobhanIT is surprising that the Ministry of Environment and Forest issued a circular for relocating different industrial units in the Dhaka-Bhaluka belt in 1999 and the gazette notification in this respect was published after almost seven years in 2006....
THE recently announced proposed budget for the fiscal year 2007-08 has been receiving both appreciation and criticism. Most of those who have appreciated the budget have described it as a major challenge for the government to manage funds for successfully...
ONE of the many good things the present administration did was the step to enact necessary law banning party affiliated student politics. Everybody knows the two main party affiliated "student" political organisations in the universities and colleges are the breeding...
Syed L. Ali Bahram and Professor M. Shamsul HaqueIDENTIFICATION of flows of existing measures and development of a consensus on issues relating to measurement of food security, vulnerability and poverty as well of food production and distribution remain a political...
Amitava BasuPOVERTY remains an enormous problem worldwide. Within the developing countries, about one-third of the population live on less than US $1.0 a day, which as defined by the World Bank (WB) is the benchmark for poverty level. The Millennium...
Syed JamaluddinAT the time of every budget, proposals are floated for addressing the problems of the jute sector. Many arguments are advanced for assisting the jute sector. The main thrust of this proposal is on providing financial assistance to the...
ST PETERSBURG, Russia, June 11 (Agencies): Russian President Vladimir Putin called Sunday for creating an alternative to the World Trade Organisation (WTO) that would favour developing economies and suggested giving a greater role to regional currencies.Speaking at an economic forum...
TOKYO, June 11 (Reuters): Japan's economy outperformed both the United States and the euro zone in January-March for the second straight quarter, reinforcing expectations the Bank of Japan (BoJ) will raise rates in August. The economy expanded by 0.8 per...
NEW DELHI, June 11 (PTI): Raising funds from international markets has caught the fancy of companies in the developing countries, including India, as they mopped up around 333 billion dollars last year and the pace is likely to intensify in...
GENEVA, June 11 (AFP): Consumer credit card lending in fast-growing Asian economies in recent years has been marked by sharp boom and bust cycles that can jeopardise financial stability, a report by the Bank for International Settlements said today. The...
ST PETERSBURG, Russia, June 11 (CEIS): China will manage to enhance economic cooperation with other members of the Shanghai Cooperation Organisation (SCO) on the basis of mutual benefit and a win-win situation, in a bid to promote common prosperity of...
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